A research programme on innovative development financing
Following the Millennium Development Goals set by the United Nations in 2000, the issue of innovative development financing has become a crucial factor of discussions about adapting to globalisation and has been the subject of many initiatives (e.g. the solidarity levy on air tickets / UNITAID in the health sector, auctioning mechanisms for CO2 emissions rights, etc.).
The guiding principle of the programme is to stimulate theoretical and structural links within innovative financing mechanisms, in order to boost interactions among institutional players, political decision-makers and society at large.
Ten major innovative financing mechanisms have already been identified; these have three focuses that are naturally correlated and imply transversal research:
- Understanding how these initiatives function;
- Promoting their impact on development financing;
- Strengthening ties between these initiatives, with a view to optimising development financing and aid efficiency as much as possible.
Objectives
- Understand the main characteristics of existing mechanisms.
- Assess the impact on development and aid architecture, as well as the challenges for partner countries and all players in the development aid sector.
- Analyse: i) the fields of application for these mechanisms; ii) partner countries’ contribution to their implementation; iii) the advantages and limitations of various existing mechanisms; iv) their possible development as a factor in development aid; and v) advantages and limitations of various innovative financing approaches.
- Analyse the growth in the number of innovative financing approaches and the increased complexity of aid architecture, as well as how to reconcile the challenges of aid management for recipient countries with the principles of aid efficiency.
- Development financing, innovative approaches and impact on economies.
Results expected
- Obtain a complete cartography of the innovative financing landscape.
– Summarise and compare innovative financing initiatives.
- Ensure the additionality and sustainability of their impact while respecting the principles of aid efficiency.
- Contribute to the emergence and spread of promising innovative financing mechanisms.
– Reflect on strengthened coordination modes for international aid.
